BNB Surpasses $1,280 as Network Activity Accelerates

BNB, the native token of the BNB Chain, hit a new all-time high above $1,280, rising more than 5% in 24 hours as blockchain activity and institutional interest surged.

The BNB Chain reported a record 58 million monthly active addresses, surpassing Solana’s 38.3 million, according to TokenTerminal. Much of this growth is linked to the newly launched decentralized exchange Aster, whose total value locked (TVL) climbed over 500% to $2.4 billion, data from DeFiLlama shows.

The price rally coincided with heightened trading volumes, which exceeded the 24-hour average in a single session, signaling strong market momentum. Analysts attribute the surge to increasing demand for BNB and broader blockchain usage.

BNB’s gains also follow a new partnership between BNB Chain and Chainlink, aimed at bringing official U.S. economic data on-chain, enhancing data transparency for decentralized applications.

The token has outperformed the broader crypto market, with the CoinDesk 20 (CD20) index up just 0.3% over the same period.

The rally comes amid ongoing uncertainty in the U.S., including a partial government shutdown that has delayed economic data releases. Markets are pricing in a 25-basis-point rate cut by the Federal Reserve later this month, further supporting risk assets like cryptocurrencies.